In the nearest New York Times (NYT) EditorialClimate change could become a global economic disaster,” author David Gelles painted a picture of an imminent economic collapse driven by climate-induced disruption of real estate markets, insurance availability and global GDP. [emphasis, links added]
Based on a false analysis of climate change and a flawed understanding of economics and history, the gel’s claim is speculative.
Evidence shows that these apocalyptic situations are not only built on the worst case modeling, which is completely different from real-world empirical data, but also ignore the long-standing record of adaptability, innovation, and resilience in the face of change.
Let's start with the core claim of the article: global temperatures are “almost certain” to exceed 2°C and may reach 3°C by the end of the century. This assertion relies heavily on scenario-based climate models rather than observations.
As mentioned earlier Climate RealismEven the IPCC now quietly admits that its previously touted high emissions pathway RCP 8.5 is becoming increasingly incredible. However, this outdated situation remains a disastrous first choice for the media.
Real-world data show warming trends and Low-end predictionthere is no indication that the feedback loop of media breathing is reflected.
Furthermore, the model is routinely retroactively adjusted, and its predictions rarely match actual climate observations. As Dr. Roy Spencer detailed, the model overestimates warming compared to satellite data, which is a point that NYT is conveniently omitted.
NYT Parrot is an ancient favorite: cities like Miami and Osaka will be underwater. This means one of the Bible’s flooding volumes, but actual tidal gauge records and satellite altitude measurements indicate that sea level rise has not accelerated.
Sea level continues to rise at a modest, linear velocity of about 3 mm per year, which coincides with the trend observed since the 19th century, and certainly there is no trend to improve infrastructure to prevent floods from being unable to cope with.
What about the “$1.47 trillion real estate value” forecast in 2055? The claim is based on a report from the First Street Foundation, whose trail includes exaggerated flood maps that often distort actual local risks.
These so-called models ignore improvements in local infrastructure, stormwater management and elevation protection.
They are tools of advocacy, not science.
In fact, in areas historically prone to natural disasters such as floods, hurricanes and wildfires, the population increase continues to this day, as reflected in the rising property value.
The warning of a gel warning of a decline in crop yield at 3°C is completely inconsistent with global agricultural data.
As Climate Realism Explain, The yield of large crops – crushed, wheat, rice and soybeans – breaks records year after year as the earth warms.
Due to climate change, the imminent famine, this is just a misleading headline designed to drive the policy agenda.
Carbon dioxide (CO2) is the so-called villain in this narrative, and is actually a phytonutrient. Increased carbon dioxide in the atmosphere improves photosynthesis and water utilization efficiency—even if climate bureaucrats pretend not to do so, real farmers know these efficiency.
Yes, global food systems may lead to local crop failures than at any time in human history, but global food systems are more diverse, mechanized and resilient than at any time.
Due to climate change, the imminent famine, this is just a misleading headline designed to drive the policy agenda.
One of the dramatic claims comes from Günther Thallinger, a member of the Allianz SE board, who warned: “The entire region has become uninsurable.” Activists who want to push regulatory and financial compliance toward extreme climate agendas are increasingly deploying this narrative.
but Climate Realism notes, The real driver of withdrawing insurance from certain regions is not climate-induced disaster, but political and regulatory pressures – price control, legal liability risks and zoning decisions.
Insurance companies adjust interest rates and coverage based on risk, profit margins and policy interference. That's capitalism, not climate collapse.
It is a false idea to suggest that the entire financial system is on the verge of implosion due to climate change, based on ignorance of how the insurance market aligns with government regulations.
The editor’s final paragraph warns that the financial sector could collapse due to climate risks and that “capitalism as we know it will no longer be feasible.” That's not science, it's propaganda.
No reliable economic historian or climatologist makes such a claim based on empirical evidence. This is era The most exaggerated thing is: throwing rhetorical grenades instead of interacting with facts.
Rather than keeping shocking climate claims, reviewing them, era Print them as gospel truths.
In fact, global and regional GDP has been increasing during recent climate change, more people have become rich, and fewer people are now in poverty than ever before.
The real risk to the economic system is not climate change, its climate policy is increasing. From weakening the industry's carbon tax to forcing electrification without the grid ready, The rush to “fight” climate change has caused energy costs to soar, manufacturing declines, inflation and consumer freedom loss.
It seems era' The story is built on a “House of Cards” without facts, a trend in which mainstream media increasingly tends to write “fake news” and ignore facts, especially when the problem is climate change.
The New York Times News neutrality about climate issues has long been abandoned. Rather than keeping shocking climate claims, reviewing them, era Print them as gospel truths.
This is not journalism, it is advocated.
Any systemic climate risk to the economy comes from misreporting climate facts and government policies formulated in response to false climate claims rather than climate change itself.
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